Daily Latest News
Last Updated:March 31, 2026, 3:15 PM IST Businesses and taxpayers need to complete a few critical compliance actions on GSTN portal today, March 31, 2026, to ensure a smooth transition into FY 2026-27. Eligible taxpayers looking to shift to the Composition Scheme for FY27 must file Form CMP-02 on the GST portal by March 31,…
New Delhi: Robust consumer spending and public investments will maintain India’s real GDP growth at 6.7 per cent in fiscal 2027 and 7 per cent in fiscal 2028, S&P Global Ratings said on Monday, adding that the Union Budget reinforces its expectation of gradual fiscal consolidation. The global ratings anticipates that these growth rates continue…
New Delhi: The Federation of All India Farmer Associations (FAIFA) on Friday urged the government to roll back the notified excise rates on tobacco products and revise them to revenue-neutral rates, to disincentivise smuggling, and support domestic agriculture. A stable taxation framework, FAIFA noted in a statement, is necessary to sustain farmer incomes, protect employment…
Ahmedabad20 minutes ago copy link Vodafone-Idea (Vi) has received a penalty notice of about Rs 638 crore from the Central Goods and Services Tax (CGST) Commissioner Office, Ahmedabad. The company has given this information in its stock exchange filing. Vodafone-Idea says that it does not agree with this tax demand and will take legal action…
New Delhi: Vodafone Idea on Thursday said it has received a GST penalty order of Rs 637.91 crore, passed under Section 74 of the Central Goods and Services Tax Act (CGST), 2017. In an exchange filing, the telecom company said it received the penalty order from the Office of the Additional Commissioner, Central Goods and…
Last Updated:December 26, 2025, 2:34 PM IST From April 1, 2026, the Income Tax Act, 2025 will replace the old law, offering no tax up to Rs 12 lakh under the new regime, stable GST rates, and a focus on customs duty reforms No tax on income up to Rs 12 lakh: Public tax relief…
New Delhi: The taxable value of all supplies under GST surged by a robust 15 per cent during September-October this year, compared to the same period in 2024 due to sharp increase in consumption triggered by the tax rate cuts on goods across sectors that kicked in from September 22, according to official sources. The…
New Delhi: India’s Gross Goods and Services tax (GST) collections reached Rs 1,70,276 crore in November, up 0.7 per cent year-on-year, driven by lower rates and overall policy reforms, the official data showed on Monday. Total net GST revenue was up 1.3 per cent at Rs 1.52 lakh crore last month. Notably, import-related IGST went…
New Delhi: Economists on Thursday anticipated at least one more repo rate cut by the Reserve Bank of India (RBI) in its upcoming monetary policy committee (MPC) review in December, as inflation based on the Consumer Price Index (CPI) eased to 0.3 per cent on-year in October from 1.4 per cent in September, marking its…
New Delhi: India’s inflation rate based on the Consumer Price Index (CPI) declined further to 0.25 per cent in October as the impact of the GST rate cut brought down the prices of goods and services during the month, according to figures released by the Ministry of Statistics on Wednesday. The retail inflation eased further,…